This company has been acquired
Chembio Diagnostics Balance Sheet Health
Financial Health criteria checks 5/6
Chembio Diagnostics has a total shareholder equity of $17.8M and total debt of $18.6M, which brings its debt-to-equity ratio to 104.4%. Its total assets and total liabilities are $62.6M and $44.8M respectively.
Key information
104.4%
Debt to equity ratio
US$18.59m
Debt
| Interest coverage ratio | n/a |
| Cash | US$18.18m |
| Equity | US$17.80m |
| Total liabilities | US$44.81m |
| Total assets | US$62.61m |
Recent financial health updates
Is Chembio Diagnostics (NASDAQ:CEMI) Using Debt In A Risky Way?
Nov 30
Does Chembio Diagnostics (NASDAQ:CEMI) Have A Healthy Balance Sheet?
Jul 22Recent updates
Chembio gets $3.2M contract from CDC to develop rapid test for syphilis
Sep 06Chembio stock rises 13% amid plans to develop rapid test for monkeypox
Aug 16Is Chembio Diagnostics (NASDAQ:CEMI) Using Debt In A Risky Way?
Nov 30Analysts' Revenue Estimates For Chembio Diagnostics, Inc. (NASDAQ:CEMI) Are Surging Higher
Aug 08Does Chembio Diagnostics (NASDAQ:CEMI) Have A Healthy Balance Sheet?
Jul 22Chembio Diagnostics EPS beats by $0.10, beats on revenue
May 06Is Chembio Diagnostics (NASDAQ:CEMI) Using Debt Sensibly?
Apr 07Is Chembio Diagnostics, Inc.'s (NASDAQ:CEMI) Shareholder Ownership Skewed Towards Insiders?
Jan 16Chembio stock gains after COVID-19 tests nab European Union nod
Jan 14Is Chembio Diagnostics (NASDAQ:CEMI) Weighed On By Its Debt Load?
Dec 12
Chembio slumps 13% on delay of U.S. nod for coronavirus antibody test
Dec 04Chembio nabs BARDA contract for rapid respiratory antigen panel test
Dec 02Financial Position Analysis
Short Term Liabilities: CEMI's short term assets ($48.5M) exceed its short term liabilities ($39.3M).
Long Term Liabilities: CEMI's short term assets ($48.5M) exceed its long term liabilities ($5.5M).
Debt to Equity History and Analysis
Debt Level: CEMI's net debt to equity ratio (2.3%) is considered satisfactory.
Reducing Debt: CEMI's debt to equity ratio has increased from 0.8% to 104.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CEMI has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: CEMI has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 23% each year.